Victory Virginia Bond Fund
Data updated: 2026-07-27
C000091164 — Victory Virginia Bond Fund. Long Municipal - National Bond · $487.61M AUM · 0.80% expense ratio. Holdings, fees, performance and SEC filings.
C000091164 Fund Overview
Victory Virginia Bond Fund is a US mutual fund managed by Victory Portfolios III, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Victory Portfolios III
- Category: Long Municipal - National Bond
- Assets under management: $487.61M
- SEC CIK: 0000908695
- SEC series ID: S000012921
- Share class ID: C000091164
C000091164 Investment Objective and Strategy
Victory Virginia Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Victory Portfolios III.
Investment objective
The Victory Virginia Bond Fund (the Fund) provides Virginia investors with a high level of current interest income that is exempt from federal and Virginia state income taxes.
Principal investment strategy
The Fund invests primarily in long-term investment-grade securities issued by the Commonwealth of Virginia, its political subdivisions, instrumentalities, and by other government entities, the interest on which is excludable from gross income for federal income tax and Virginia state income tax purposes (referred to herein as Virginia tax-exempt securities). During normal market conditions, at least 80% of the Funds net assets will consist of Virginia tax-exempt securities. This policy may be changed only by a shareholder vote. The effective duration of the Fund is not restricted but generally is expected to be within three years of the Fund's benchmark. The effective duration of the Fund is not restricted but generally is expected to be within three years of the Fund's benchmark. When weighing the decision to buy or sell a security, the Adviser strives to balance the amount of the tax-exempt income, the credit risk of the issuer, and the price volatility of the bond.
The Adviser generally intends to hold investments until maturity, resulting in lower portfolio turnover in the Fund, although these intentions may be adjusted in response to the market or other events. In addition, during normal market conditions, at least 80% of the Funds annual net investment income dividends will be tax-exempt and excludable from the calculation of the federal alternative minimum tax (AMT) for individual taxpayers. This policy may be changed only by a shareholder vote.
C000091164 Holdings
Top 10 holdings of Victory Virginia Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Virginia Small Business Fing Auth Rev | 2.95% |
| Virginia Small Business Fing Auth Healthcare Facs Rev | 2.89% |
| Lynchburg Va Economic Dev Auth Hosp Rev | 2.45% |
| Metropolitan Wash D C Arpts Auth Arpt Sys Rev | 2.10% |
| Albemarle Cnty Va Economic Dev Auth Hosp Rev | 2.02% |
| Virginia Comwlth Transn Brd Transn Rev | 2.02% |
| Charles City Cnty Va Economic Dev Auth Solid Waste Disp Rev | 2.00% |
| Virginia Commlth Transn Brd Fed Transn Grnt Antic Rev | 1.94% |
| University Va Univ Revs | 1.68% |
| Bristol Va Indl Dev Auth Lease Rev | 1.68% |
C000091164 Portfolio Allocation
Asset-class allocation of Victory Virginia Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.9% |
C000091164 Costs and Fees
C000091164 costs about $80 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.80%
- Gross expense ratio: 0.82%
- Portfolio turnover: 6%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000091164 Cashflows
Over the 12 months to 2026-05, Victory Virginia Bond Fund had net inflows of $1.02M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$2.57M |
| 2026-04 | $4.32M |
| 2026-03 | $20.11M |
| 2026-02 | $7.69M |
| 2026-01 | −$2.20M |
| 2025-12 | −$6.59M |
C000091164 Debt Constituents
Largest debt holdings of Victory Virginia Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Virginia Small Business Fing Auth Rev | 2.95% |
| Virginia Small Business Fing Auth Healthcare Facs Rev | 2.89% |
| Lynchburg Va Economic Dev Auth Hosp Rev | 2.45% |
| Metropolitan Wash D C Arpts Auth Arpt Sys Rev | 2.10% |
| Albemarle Cnty Va Economic Dev Auth Hosp Rev | 2.02% |
| Virginia Comwlth Transn Brd Transn Rev | 2.02% |
| Charles City Cnty Va Economic Dev Auth Solid Waste Disp Rev | 2.00% |
| Virginia Commlth Transn Brd Fed Transn Grnt Antic Rev | 1.94% |
| University Va Univ Revs | 1.68% |
| Bristol Va Indl Dev Auth Lease Rev | 1.68% |
C000091164 Prospectus and SEC Filings
Official Victory Virginia Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-06-26
- Prospectus (485BPOS) — filed 2025-06-26
- Prospectus (485BPOS) — filed 2024-06-27
- Portfolio holdings (N-PORT) — filed 2026-07-27
- Portfolio holdings (N-PORT) — filed 2026-04-24
- Portfolio holdings (N-PORT) — filed 2026-01-27
- Annual census (N-CEN) — filed 2026-05-11
- Annual census (N-CEN) — filed 2025-05-13
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.